Emera (EMA)
NYSE: EMA
· Real-Time Price · USD
47.88
0.32 (0.67%)
At close: Aug 15, 2025, 3:59 PM
47.86
-0.03%
After-hours: Aug 15, 2025, 05:35 PM EDT
EMA Delta Exposure By Expiry
The total Delta Exposure (DEX) for EMA across all expirations shows 816.34 net shares that market makers must hedge, with 960.47 from calls and 144.13 from puts. The put-call delta ratio of 0.15 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks. The largest delta concentration at Dec 19, 25 with 806.43 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Sep 19, 25 carries positive delta requiring market makers to short shares, potentially creating resistance.
EMA DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 139.18 | -129.27 | 9.91 | 0.93 |
| Oct 17, 25 | 0 | 0 | 0 | n/a |
| Dec 19, 25 | 821.29 | -14.86 | 806.43 | 0.02 |
| Mar 20, 26 | 0 | 0 | 0 | n/a |